OmegaPro
A global multi-level-marketing scheme that sold 'investment packages' promising 300% returns over 16 months from purported forex trading, paid in crypto. Per the U.S. DOJ it raised over $650M from thousands of investors, then collapsed in 2022 blaming a 'hack'; founders were indicted in 2025.
Also known as: OmegaPro, Omega Pro, Broker Group, Michael Shannon Sims, Juan Carlos Reynoso, Andreas Szakacs
Summary
OmegaPro, established around 2019, operated as a multi-level-marketing (MLM) program in which investors bought "investment packages" using cryptocurrency, falsely promised about 300% returns over 16 months from elite "forex" traders. The U.S. DOJ says it was a fraud that raised over $650 million from thousands of investors worldwide (some reporting put claimed figures far higher). [1][2]
Collapse and charges
OmegaPro blocked withdrawals in late 2022 and then claimed it had suffered a network "hack," telling victims their funds were being moved to a new platform, "Broker Group"; investors could not withdraw from either. In July 2025 a U.S. indictment charged founder/promoter Michael Shannon Sims and Latin America operations lead Juan Carlos Reynoso with wire-fraud and money-laundering conspiracies (each carrying up to 20 years); co-founder Andreas Szakacs had been arrested in Turkey in 2024. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
